SBI Life Insurance

Northern Arc Capital mobilises Rs 229 cr from anchor investors ahead of IPO

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Northern Arc Capital mobilises Rs 229 cr from anchor investors ahead of IPO

Non-bank financial institution Northern Arc Capital on Friday said it has collected Rs 229 crore from anchor investors, days before the opening of its share-sale for public subscription. SBI General Insurance Company, SBI Life Insurance Company, Reliance General Insurance Company, Kotak Mahindra Life Insurance Company, Goldman Sachs (Singapore) Pte, Societe Generale, and Quant Mutual Fund … Read more

sectors: Most sectors now overvalued, some stocks hold promise: Kotak Institutional Equities

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sectors: Most sectors now overvalued, some stocks hold promise: Kotak Institutional Equities

Mumbai: Kotak Institutional Equities’ fair value estimates of 50 stocks of Nifty shows only six stocks could return more than 10% from current levels. These include State Bank of India, SBI Life Insurance, ICICI Bank, Infosys, Adani Enterprises and HDFC Life Insurance. The brokerage said while most sectors are overvalued, valuations are ‘somewhat’ reasonable only … Read more